KONTAN.CO.ID - LONDON. Copper prices rose in London on Wednesday with more upbeat demand prospects from top metals consumer China, ignoring pressure from rising inventories and caution ahead of the U.S. Federal Reserve's rate decision later in the day. Three-month copper on the London Metal Exchange rose 0.5% to $8,334 per metric ton in official open-outcry trading. The metal, used in power and construction, is rising for the first time in four sessions as concerns about consumption from China, the world's second-largest economy, in general and its crisis-hit property sector in particular begin to ease.
Copper Rises With Improved China Demand Hopes, Weaker Dollar
KONTAN.CO.ID - LONDON. Copper prices rose in London on Wednesday with more upbeat demand prospects from top metals consumer China, ignoring pressure from rising inventories and caution ahead of the U.S. Federal Reserve's rate decision later in the day. Three-month copper on the London Metal Exchange rose 0.5% to $8,334 per metric ton in official open-outcry trading. The metal, used in power and construction, is rising for the first time in four sessions as concerns about consumption from China, the world's second-largest economy, in general and its crisis-hit property sector in particular begin to ease.